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are meeting with the white house chief staff. john boehner is having some meetings with business leaders. meanwhile, the staff of the senate and the house and the white house are all meeting -- this purpose of avoiding the fiscal cliff which is now 35 days off or something. so first of all, two questions. how serious is it and what do you think is going to happen? >> it is potentially very serious that is if we hit the fiscal cliff and go over it and it stays in place. the deficit falls by $600 billion, the largest one-year reduction in history but will throw the economy back into a recession. unemployment will go from 7.9% currently to over 9%. i don't think that's going to happen. i do think we'll go over the cliff, not have a deal before it happens. i think it will be fixed shortly after this -- after they storm the castle with pitch forks and torches but this is potentially the worst fiscal policy since the end of the great depression when we went into an austerity program too early and threw the economy back i
. speaker john boehner deserves some leeway to try to mitigate the damage by negotiating a larger tax reform. leeway to negotiate sounds pretty sane to me. for some, of course, that's a great big lump of coal wrapped up as an early christmas present. >> revenue that happens to be the democratic code word for tax increases. that is simply not an acceptable position for any true conservative. republicans were not elected to rubber stamp obama's agenda. >> seems some news personalities may be taking a tax increase on the highest earners somewhat personally. anyway, republicans didn't win the white house or the senate. i wonder what other conservatives have to say about that. >> the republicans are in a shocking amount of disarray right now. the republican party has not developed an alternative idea set other than what mitt romney and paul ryan were campaigning on and sort of by default it has become their opening negotiation position. >> i see. so their opening position is the one that was vigorously debated and comprehensively defeated just three weeks ago. i guess the only question now is, wh
analysts in the back half of the program. >> also, do house speaker john boehner's constituents think he's doing enough to avert the looming crisis? we're going to hear from chief washington correspondent john harwood who is just back from a trip from his home state of ohio. >>> up next, though, fallout from last week's autonomy mess mounteding. hewlett-packard's ceo and former hp head all sued by a shareholder for alleged fraud. it's getting ugly out there. we're going to speak with a lawyer gearing up to represent other hp plaintiffs when we come back. [ male announcer ] if you suffer from heartburn 2 or more days a week, why use temporary treatments when you can prevent the acid that's causing it with prevacid24hr. with one pill prevacid24hr works at the source to prevent the acid that causes frequent heartburn all day and all night. and with new prevacid24hr perks, you can earn rewards from dinner deals to music downloads for purchasing prevacid24hr. prevent acid all day and all night for 24 hours with prevacid24hr. prevent acid all day and all night for 24 hours if we want to improv
asking a question about something. you find out what people -- you and about john boehner, you don't ask about the fiscal cliff or the tax plan. they ask if john boehner is gay. is joe biden, stupid, retards, gay, jewish, smart? these are the smart. these are the things that pop up. >> gay is like always. >> gay is up there. mormon is up there a lot. bill belichick, the patriots coach, is bill bielichick gay, mormon, a cheater. >> sideline cheater. >> it's interesting that this profile, i think people don't maybe appreciate that everything you're searching -- there are people who are putting this all together and saying that's who this guy is. >> that reminds me of a funny story from thanks lelast year. a guy on twitter told his dad twitter was a search engine. so his dad started entering questions into twitter and they went up as posts. some examples, how do you pronounce juan? national geographic dinosaur truth. can i bring a tupperware of chili on an airplane. i don't know if this was real or fake but it was really, really funny. people don't realize, the internet is not a gated commu
this season. house speaker john boehner and a few other key republicans appear willing to consider tax hikes. billionaire warren buffett chimes in that tax hikes won't stop the wealthy from investing. in our cover story, the woman who led the securities and exchange commission after the 2008 financial crisis is stepping down. mary schapiro took over an agency under fire for ignoring repeated warnings about the bernie madoff ponzi scheme. in 2008, the regulatory sec was itself under scrutiny, critized for failing to anticipate the lehman brothers bankruptcy, which sent financial markets reeling, and also missing the warning signs of bernie madoff's multi-billion dollar ponzi scheme. "before she got there, they almost needed someone to come in and confess." mary schapiro, who president obama said will be replaced by commissioner elisse walter, overhauled sec enforcement and made it more proactive. "to get out there and defend investors, as opposed to trying to figure out what happened after." but critics say for the dozens of insider trading investigations, the sec under schapiro did not crack
at the staff level. apparently he called and he talked to john boehner on the phone. they had a deal almost. once before. i think the outlines of it will be revived and they have to figure out how to structure it. some down payment by the end of the year. some instructions to the tax write-in committee about how much money you will get out of revenue, entitlement and spending. then they can go forward. it really do think that the basic structure of this has not been blown up. >> bret: steve? >> yeah. i mean, i don't have a problem with the president making his case in philadelphia. that is fine. he is the president and he is entitled to do that. i have a problem on the emphasis on taxes and re-knews. that is all we have had a discussion of at this point. the way to solve our long-term debt issues as everybody in this entire town knows is by reforming entitlements. there has been so little discussion of reforming entitlement to this point, very little of it in public. back when they had negotiations the first time, the president wouldn't put anything out on paper. now you're having calls fro
, and norah. the president and house speaker john boehner spoke by phone over the weekend. top aides in the house and senate tell us that negotiations at this point are just taking place between the president's staff and speaker boehner's staff. that's because any deal that involves raising tax revenue is going to face its biggest challenge in the republican-led house. top republicans returning from thanksgiving recess urged the president to make the first offer in fiscal cliff negotiations. and they expressed a new openness to raising tax revenue, if democrats agree to make cuts to strengthen medicare and medicaid. >> elections come and go. and when they go the spirit to find common ground becomes greater. >> reporter: georgia republican saxby chambliss and mark warner lead the gang of eight. four senate democrats and four senate republicans, who originally met in 2007 to craft a plan to cut the debt. >> you still don't have a final product after 2 1/2 years. why do shud we have any confidence that the president and the leaders should get anything done i
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reid, mitch mcconnell, john boehner, nancy pelosi will be serious. going over the cliff doesn't make any sense. >> we all remember the t.a.r.p. vote that you reference. that really didn't come to a resolution until the markets -- i would argue -- scared washington. i wonder how important you think that is this time? do stocks need to fall before the two sides really get committed at the table? >> that is a terrific question. that's the main question. in two days we lost 1,600 points in the markets. it took us a lot longer time to come back and recover. i sat there and stared defeat in the face. we can't do it now. the markets will respond to certainty. that's what congress needs to give american business and american people. certainty about taxes. certainty about spending in congress and certainty about our commitment to lower the debt. >> how do you argue that you are considering all elements of reform if in fact you're going to stick by the norquist pledge. is there anything wrong with as senator graham has said with saying i made that pledge back then but my job is to be a senator
john boehner and the senate majority leader harry reid over the weekend. and the president is confident they can work out some sort of agreement. mike emanuel on fox top story live in the d.c. newsroom tonight. mike, it looks like some republicans are changing their tunes. >> shep, republicans say they favor both major spending cuts and additional revenue from tax reform with lower tax rates. the pledge you mentioned is identified with americans for tax reforms grover norquist who has gotten many republicans to promise they won't vote to raise taxes. south carolina senator lindsey graham is pushing back saying capping deductions would help generate revenue. the top republic on the senate budget committee explained graham's position. >> he is conditioning any tax increase on fixing these programs, social security and medicare, particularly in making sure that they are sound for the future. so that's lindsey's position. and he has talked about accepting revenue to accomplish that goal. >> republicans continue saying they don't want to increase tax rates arguing that will hurt job growth.
reid and speaker john boehner by phone on saturday when you see him this week he will be getting by with a little help from his friends ordinary unelected americans. joining us professor of economics at the university of michigan justin wool fers. great to see you. before i ask for your economic analysis i want to pose one question to my colleagues in new york, that is really about the optics of the president going straight forward and straight to the kisser as it were on the bush tax cuts, not really even talking about the fiscal cliff or the debt limit which looms in february or march. >> as we know there is no real fiscal cliff. it's more of a curve or a mole hill. it's serious and real but not going over the cliff. if there is something of a cliff-like situation, it's playing to the president's advantage. december 31st what he doesn't want, the bush tax cuts for the rich, will be gone. they'll also be gone with the middle-class tax cuts. two years ago the republicans tried to hold the president hostage and said listen, if you don't give us the bush high-end tax cuts we're not
tell you from having visited john boehner's district north of cincinnati last week the fis cliff maybe an abstract discussion here in washington but out there in southwestern ohio, if we tip back into recession, the economic pain would be very real. middle town and the rest of southwestern ohio has been working its way back economically from the long-term loss of manufacturing jobs and troubles in the auto industry. the last thing this area needs now another economic setback from the fiscal cliff. house speaker boehner and his colleagues in the congressional leadership have founded conciliatory notes about their prospects that sounds like good news here at the local chamber of commerce here in middle town but only up to a point. >> i want to be confident. i want to be optimistic but no i think i would rather be veered at this point. >> reporter: one of the speakers constituents, steve hightower, has a petroleum distribution business, like the economy is doing well. he has known boehner for years and believes the speaker wants to make a deal with president obama to avoid the fiscal clif
out between president obama and john boehner. >> i guess so. because dick durbin himself has been confusing in what he's been saying publicly. on sunday he said sure medicare and medicaid can be part of the discussion. today he's giving a speech where it should not be part of the conversation. there this morning he's saying once we get into a room, we can start talking about it. and there are ways that i think liberals would agree to do medicare and medicaid. you know, if you're tinkering on the supplier side like, you know, say medical device companies or something, or reimporting drugs from canada, or allowing medicare to negotiate, or reduce price, or add a public option to health care reform. you know, that would save money. so there are things that democrats would do when it comes to entitlements that would save money. and maybe that's what dick durbin is talking about, but those are the exact opposite of the things that republicans would want to do when it comes to entitlements. so harry reid's strategy might be the easiest one. just say, look, this is not part of the conver
the years. >> reporter: he keeps them all on file. here's john boehner's pledge signed 20 years ago. if somebody signed this 10 years ago or 18 years ago, 20 years ago, are they still bound by it? >> now when you got married, did your wife understand there was an expiration date on that promise? when you borrowed money to buy your house, did you say, "oh geez, that mortgage? that was ten years ago. you're still asking me for money?" you know, if you make a commitment, you make a commitment. >> reporter: the pledge is the biggest obstacle to any deal that would raise taxes, but with a budget crisis on the horizon and a re-elected president insisting on tax increases, some republicans are now thinking the unthinkable, ditching the pledge. >> i will violate the pledge, long story short, for the good of the country. >> i'm not obligated on the pledge. >> the world has changed, and the economic situation is different. >> reporter: and while virtually every republican in the past signed it, nearly a third of the newly elected house republicans refused to sign it this time. republicans dit
place between just two people: house speaker john boehner and the president. boehner and the president spoke by phone on saturday, agreeing not to share details. but senate republican leader mitch mcconnell said today the g.o.p. wants the president to make the first move and issue a proposal to raise tax revenue and cut spending. >> this he's the only one who can lead his party to do something they wouldn't ordinarily do. to do what's actually needed now. >> reporter: prominent republicans are signaling they're now flexible on increasing tax revenue, with a few in the house and senate distancing themselves from that no tax increase pledge that many of them signed, a pledge created by lobbyist grover norquist. house majority leader eric cantor, senator lindsey graham of south carolina and senator saxby chambliss of georgia all said there could be an increase in tax revenue if democrats agreed to controlling the cost of medicare and medicaid. >> there's a right way to do this and there's a wrong way to do it. but at the end of the day, nancy what's got to happen is whoever's right or wro
it with a approximately 5000 ornaments. and it will be led by john boehner next month. >> coming up in sports the san jose basketball takes on the no. 10 team in the country. and smith, kaepernick, kaepernick course met the 49ers continues. what are bought and of course gary, next. music's, ready ! share the harmony... she'll be here soon ! she'll love this ! share a sweeter welcome... hey, hola, cómo estás ? hello, hey everyone. es un pla-cer co-no-cer-te. encantada. share everything. this holiday get verizon's share everything plan. unlimited talk, text and shareable data... ... across your family's devices, all in one plan. get a droid razr m by motorola for $49.99. phil (male announcer): now, here's stanley roberts who found people behaving badly. blog. this is not difficult to find these collection bins. they would believe that your donating things for charity. >> how are you are donating because that is what is on the box. and yes, they will word is used words like to donate but it says for profit. and the interesting thing is that they do not even know how they got here. this one and safeway has
speaker john boehner and has said he's willing to put almost anything on the table except social security. he wants to deal with that separately next year, but republicans want all entitlements included in talks. they want the president to make the first move with an initial proposal. and the white house says it has not received a realistic proposal from republicans that would raise the kind of revenue president obama is seeking. >> susan mcginnis in washington this morning. thank you so much. >>> amid sky high approval ratings in the wake of superstorm sandy, new jersey governor chris christie said he will be seeking re-election next year. he said the preliminary damage from sandy is nearly $30 million. christie says he's in it for the long haul to help jersey recover. >>> coming up on the morning news, click and shop. cyber monday rings up record sales on what's expected to be the busiest online shopping day of the year. this is the morning news. [ female announcer ] born from the naturally sweet monk fruit, something this delicious could only come from nature. now from the maker of spl
and top republicans including house speaker john boehner are accelerating. but the white house must contend with members of his own party who are pushing back against proposals that significantly reshape entitlement programs like medicare and social security. white house press secretary jay carney said yesterday the president is open to compromise and should republicans make a realistic proposal on taxes, they will meet them halfway. >> math tells us that you can't get the kind of balanced approach that you need without having rates be part of the equation. we haven't seen a proposal that achieves that, a realistic proposal, that achieves that. the reality is, closing loopholes and ending deductions as an alternative to raising rates on the top earners, top 2%, those making over $250,000, sounds good, but you have to look at the actual contents of those proposals. >>> and a new poll shows the majority of americans do want compromise in order to avoid the fiscal cliff. 67% say a deal should be a combination of spending cuts and tax increases. and if no deal is reached by the end of t
to table on certain things, as did john boehner, unfortunat unfortunatea tea party guys came to the table. neil: that is mark. >> once again year irrelevant. this is the tea party guys fault. this is against mainstream, all of them want big spending, that is what they are looking for, maintaining a big government is in their interest, people cannotment it any more despite electoral results exit polling show people' less deficit, less debt they are worried about long terlong-term financial security. >> they said they would like to raise taxes on 1% of earners. >> they are so evil. >> thank you very much. you might have heard about this you get a blue flu shot every year this time, what if i told you, there is a place, you don't get a flu shot, you loss your job. talk about a real needle in the hype i, after this. -- heine i, after this. so, you actually reward people for staying with you? yep. the longer you stay with us, the more you save. and when you switch from another company to us, we even reward you for the time you spent there. genius. yeah, genius. you guysust have your own loyalt
the debt limit unless forced to by john boehner. >> and by the way, john boehner is talking about having to get the majority of a majority on tax issues. he's not going to get a majority of majority on debt raising. >> much harder on the debt ceiling than taxes. >> that's what i'm saying. i refuse to vote to raise a debt ceiling when they were trying to raise it to $5 trillion. it's something you don't do unless you get a lot of cuts on the other side. >> and it's not a game. because if you don't raise it, we saw what happened last time, you can get your debt downgraded and has real economic consequenc consequences. and that's why when people think about the fiscal cliff, we all assume that sane minds will prevail and they'll come up with some deal. there's no guarantee that sane minds will prevail. and recent history would suggest that sanity almost never prevails in washington. so you can assume it's going to be more difficult than we think. you can assume that the bush tax cuts might all go away for a short period of time. and you cannot assume they just raise the debt limit. you cann
house speaker john boehner and harry reid this weekend for avoid efforts on fiscal cliff. on wednesday president obama will seek more input from top ceos, including gold man's lloyd blankfein and caterpillar's doug owner hill man. a number will travel to washington to try to reach a deficit cutting deal as part of the fix the debt campaign. so all things fiscal cliff still pre-dominate. we have a time clock that's quickly running out. how important is it that we get an agreement before the end of the year? >> this is like the debt ceiling argument. people got into a panic. that's something we even imposed on ourselves to decide that the debt shouldn't go too high. so it's not a bad thing. same with the fiscal cliff. what are we saying with the fiscal cliff? we're saying the economy might be revealed to be what it's actually doing because we'll take away the artificial supports because we think it's held any enough now to maybe after itself. that might entail a step drop because at the moment we're giving these tax breaks, but we're doing it out of our saving. >> but the point isn't jus
with john boehner this weekend and expressed confidence the deal can't be reached before the deadline. that's what most americans want. in the the latest poll. >> when you're $16 trillion in debt, the only pledge we should make to each other is to avoid. >> you signed it 20 years ago, 18 years ago is for that congress. the world has changed. >> joining me now is the man in the middle of this storm, grover norquist. grover, welcome to you. >> good to be with you. >> you can't comply on the bounty the mutiny has begun: >> it's funny to watch a senator or congressman who got himself elected by promising the citizen of his state that he would go to washington to reform government and not to pay taxes. when the going gets rough he wanted to debt ceiling increase. the same cast of chakts are turns in the homework for the second tyne two years later and there's not a snowball rolling. the good news is the people that gave a commitment to the american voters. for four years president obama has not reined in spending. all he did is demand $1.6 trillion of tax increase so he can spend more money, not
of the republican party. a lot of people think it's john boehner. is it this guy right here? [ buzzer ] not him. a lot of people think it's grover norquist. is it grover? no not him either. [ buzzer ] so who is it? you got to understand, the politicians take their orders from their donors. and grover norquist is not the mr. donor himself. he funnels the donor money. who is actually in charge? these guys. this is lloyd blankfine and david coast, they're also on this thing called the ceo fiscal leadership council. what is that? that's a bunch of ceos who got together and said, all right no more being zealot, increases or any kind of revenue increases fine. but obama is offering an awesome deal. let's take it, it's over. they're sending their messages out to the republican senators and congress saying it's time to make a deal. this deal still kicks ass for us. we'll cut the living hell out of what we call entitlements, social security and medicare and medicaid. lloyd blankfein listen to what he said about so-called indictmentment. >> you'll have to lower people's expectations, the entitlements and
it to this year. now we lead up to this moment. last february, john boehner speaker of the house sent a leletter saying this fiscal cliff is bad for the economy. let's work together now. president obama says no than thanks. this killed me. nothing changed since december of 2010. president obama talked about losing in the midterms and said the worst thing we can do is high inemployment and slow economic growth is raise taxes on anybody so support me in extension of the bush tax cu cuts. nothing has changed about the economy now but the economic growth projections are worse. this is not a great way to make good policy. >> kimberly: that is their campaign slogan. they don't make concessions. they have to do something serious about cutting back on spending. coming back in with the entitlement. without that, it won't make a difference if they raise taxe taxes. taking out the bush tax cuts won'tbe make it go away. >> eric: the food stamp recipients. the latest number. $47 million. more than alabama, connecticut, delaware. minnesota, nebraska. nevada. new hampshire. new mexico. north dakota, oklahoma,
. >> brian: house democrats going along with maybe john boehner caucus to pass it. that is how divided it could be. it could cost them the house. when it's said and done and we're sitting here on december 31, emergency session of five five -- i'll be here in case of injury -- there will be sitting there saying this is deal we got to cut. we got to get the democrats to come along with republicans. >> dana: aside from politics i don't think enough people are talking about what is the right policy and the right answer and solution to get the economy going again? see that social security and medicare is saved for the next generation. >> eric: one quick point, can we as five or the con seventives, bob you should be interested in this, too. forget social security. we pay to the social security system. it's self-fulfilling. >> bob: they pay in medicare, too. >> eric: but we way with payroll and fica to social security. government raids social security. only reason that social security is on table they took $2 trillion we paid into it. >> bob: dana's question do you want transparency and grove
are yearning for cooperation and bipartisanship. but most republicans, they don't get the message. speaker john boehner is threatening to take us to the brink again by refusing to raise the debt ceiling unless he gets what he wants in the tax fight. he told the president, quote, it's my leverage. he said, quote, there's a price for everything. over in the senate, gop leader mitch mcconnell is striking the same tone. >> look, we already know the president's a very good campaigner. we congratulate him on his re-election. what we don't know is whether he has the leadership qualities necessary to lead his party to a bipartisan agreement. >> mr. one-term-president mcconnell is resorting to name-calling. the gop lost because of this attitude. and now they're just looking like a lost cause. joining me now is steve car kna krystal ball. why doesn't the gop look to chris christie assist a role model? he's the most popular person in their party right now? >> hopefully some in the gop do. you have to remember that a lot of people, a lot of folks in the republican party were very upset with chris christie
. >> obama did come to table on certain things, as did john boehner, unfortunat unfortunatea tea party guys came to the table. neil: that is mark. >> once again year irrelevant. this is the tea party guys fault. this is against mainstream, all of them want big spending, that is what they are looking for, maintaining a big government is in their interest, people cannotment it any more despite electoral results exit polling show people' less deficit, less debt they are worried about long terlong-term financial security. >> they said they would like to raise taxes on 1% of earners. >> they are so evil. >> thank you very much. you might have heard about this you get a blue flu shot every year this time, what if i told you, there is a place, you don't you, there is a place, you don't get a flu with the spark cash card from capital one, sven gets great rewards for his small business! how does this thing work? oh, i like it! [ garth ] sven's small business earns 2% cash back on every purche, everday! woo-hoo!!! so that's ten security gators, right? put them on my spark card! why settle for less? t
speaker john boehner said he would prefer closing loopholes and tax deductions rather than raising rates. martha: thank you very much. bill: the budget negotiations with congressional leaders started a few weeks ago with president obama barack obama calling for $1.6 trillion in additional tax revenue over the next decade. treasury secretary timothy geithner argues that you cannot raise enough revenue to reduce the deficit by only limited tax breaks as some republicans argue, some senior republican aides they say believe a likely compromise would generate about a trillion dollars in new tax revenue possibly by limiting the deductions. martha: part of this whole equation. any future spending cuts should come gradually warned the global economic watchdog so as not to derail the already weak recovery. the group predicts the economy will grow a bit next year but at a slower rate than originally thought. we are really in a very slow growth pattern. they are projecting 2% next year compared with 2.6% which was the forecast from a few months ago. that kind of gross does not get you up off the ma
, though, is that president obama did reach out to house speaker john boehner. he is the republican, the senate majority leader harry reid the democrat over the weekend, perhaps to try to jump-start the talks. as of now, as the house of representatives comes back today, as the senate came back yesterday, we're still very much in limbo on the fiscal cliff. >> here's something else we know. some major republicans have come out and they say that they don't feel bound by the americans for tax reform pledge. most recently we saw house majority leader eric cantor. do you believe more republicans will stick by this? >> what we're finding out right now zoraida is that there's a little bit of coming to jesus moment about how to fix the fiscal cliff. for republicans perhaps it is going to be higher taxes. for democrats there's going to have to be some changes to entitlement reform. but grover norquist has been really the person pushing this no tax pledge, has been on our airwaves. he's been talking a lot about it. let's hear what he had to say about republicans who might break the pledge. >>
on democrats to give away the store here. >> gloria, didn't the president when he tried that deal with john boehner that didn't work out, didn't he agree to significant cuts in medicare? >> he did. there were almost there once before. there are different stories about who moves the goalposts in that negotiation. if i were the president and i were going to van, i would say, look, this president has an opportunity right now to shape the future of american budgets. the blueprint for the american economy and for american spending priorities for a decade to come in this particular deal. if i were the president, i would say, look, it's not going to be perfect, but we really do have an opportunity here. i have an opportunity as president. united states to lead this country into fiscal solvency if each side gives a little bit. >> let me speak up for van -- >> van, hold on a second. i want ross to wrap it up. >> well, i was just going to say i disagree completely with van on the policy. i think over the long run if you look at the growth rate in medicare and the fact that every year that you don't c
made over the weekend between president obama and house speaker john boehner so there hasn't been a lot of concrete progress, but there is total progress in terms of the mood that members take into this. over the weekend we heard republican senators, as you alluded to, larry, breaking the so-called grover norquist pledge against raising taxes and white house press secretary jay carney reacted positively. >> some of the comments you mentioned are welcome, and they represent what we hope is a difference in tone and approach to these problems and a recognition that a balanced approach to deficit reduction is the right approach. it's the one that's most beneficial for our economy. >> reporter: larry, what i would say is tax increases does not necessarily, despite the rhetoric on both sides, and especially from democrats, does not necessarily have to mean increases in tax rates. it is possible, if you look at the estate tax, if you look at the treatment of dividends, capital gains and carried interest and take a look at loopholes and deductions to raise a significant amount of revenue from p
, when he tried that deal with john boehner, he didn't he agree to significant cuts in medicare? >> yeah, he did. they were almost there once before. and there are different stories about who moves a goal post in that negotiation, but i would argue. if i were the president and i were going to van, i would say, look, this president has an opportunity right now to shape the future of american budgets, the blueprint for the american economy, and for american spending priorities for a decade to come. in this particular deal. and so if i were the president, i would say, look, it's not going to be perfect, but we really do have an opportunity here, and i have an opportunity as president of the united states to lead this country into fiscal solvency again. if each side -- we can't get what's perfect. >> but let me speak up for van. >> hold on a second, i want ross to wrap it up. >> well, i was going to say, i think i disagree completely with van on the policy, i think over the long run, if you look at the growth rate in medicare and the fact that every year you don't change social security, it
seems to welcome a bust on the wall of shame, used to beg for it, is more powerful than speaker john boehner. norquist is more powerful than boehner. it feels as if the air went out of the compromise zeppelin. hey, like the graph zeppelin, like, lakehurst. retail, now we're hearing that there wasn't as much follow-through to the initial sales from thursday night. i think it's nonsense, but macy's and costco, vf, coach and ralph lauren were tagged with huge losses today. i believe the holiday sales are flat-out strong. amazing numbers from apple, like a rocket since it hit the 505 level last week. terrific ipad mini sales. wasn't that a product the doom and gloomers had written off as still born a few weeks ago like the iphone 4, by the way? i believe the chinese momentum is lasting. europe, total black box. one that's being minimized in its importance for american companies. the fiscal cliff, i saw a step backward in the hardening of positions. those who think rising above is a political judgment, when it is a judgment about the need to rid washington of politics. that even a fool kn
there is no second sit down scheduled for the president and congressional leaders he did speak to john boehner and harry reid over the weekend about avoiding the fiscal cliff. the president will meet with small business owners today. tomorrow he meets with middle class americans who would be affected by tax hikes and more business leaders. friday he's going to travel to hatfield pennsylvania where he will give campaign style remarks to get support for congress to negotiate the right kind of deal. we are back with more steph after this. ♪ [ ♪ theme ♪ ] >> announcer: ladies and gentlemen, it's the "stephanie miller show." ♪ >> yahoo, it is the "stephanie miller show," welcome to it. 1-800-steph-1-2 toll free from everywhere. steven weber. he will be there nobody panic he will be right there. charlie pierce said some good stuff about the fiscal cliff and other things. this is going to be a fascinating discussion. the president playing three dimensional chess. told you so. >> never mind. >> never mind. >> corn? when did we book corn? [ laughter ] >> oh, you kids. i swear. all right, you kn
himself did speak with speaker john boehner on the phone over the weekend. there was that meeting with the lawmakers, the leadership just before the president went overseas on his southeast asia trip. but so far, no additional meetings that we know of on the schedule for the president to sit down with congressional leadership to try to hammer this out. i can tell you that i spoke with an administration official who told me that treasury secretary timothy geithner will be playing a leading role in these live in negotiation negotiations -- fiscal cliff negotiations. gene spellering, an adviser and rob neighbors. again, it will be timothy geithner taking the leading role. we expect behind the scenes the president himself is actively involved. we don't know of any additional meetings that will be taking place. yes, you know, you do hear from some republicans who are saying you know, where is the leadership from the president. they want to see the president more actively involved. the president will be hitting the road this friday to make his case for these middle-class tax cuts being
are accelerating between president obama and top congressional leaders, including john boehner who was on the phone with the president over the weekend. the white house's pr campaign is being buoyed along by warren buffett who is voicing support for tax hikes for americans just like him. >> i think it would have a great effect in terms of the morale of the middle class who have seen themselves paying high payroll taxes, income taxes and then watched guys like me end up paying a rate that's below that, you know, paid by the people in my office. >> joining me now is wisconsin's republican senator ron johnson. senator, it's great to have you with us this morning. and as we talk about what's taking place in washington, d.c. right now, the million dollar question is all concerns around senators lindsey graham, saxby chambliss, congressman peter king among other republicans who said they'd be willing to break away from grover norquist's anti-tax pledge. will you say if you're willing to break that pledge in order to save the country from the fiscal cliff. >> hello, thomas. and first of all, i signed that
with house speaker john boehner and has said he is willing to put almost anything on the table except social security. he wants to deal with that separately next year. but republicans want all entitlements included in talks. they want the president to make the first move with an initial proposal. susan mcginnis, cbs news, washington. >>> many cities are looking to cut pension costs in light of budget problems one bay area city is looking to buck the trend. antioch leaders are considering increasing retirement benefits for future employees hired from other cities. the goal, to entice veteran police officers to come to the city. >> they are not going to want to come from a 3% [ indiscernible ] because it adds years until they get to retirement. >> tonight the city council will take up the idea of increasing pensions. >>> new rating system puts san francisco at the top of cities when it comes to protecting rights of the lgbt community. the human rights campaign gives san francisco, san diego, long beach and l.a. perfect 100 scores on the antidiscrim
public pressure on republicans to support his plan. how speaker john boehner is pushing back. today his office released a statement saying the target of the president's rally should be the congressional democrats who want to raise tax rates on small businesses rather than cut spending. the white house in the meantime defends the public campaign and told chuck todd within the last hour it's doing all it can to strike a deal as soon as possible. >> isn't everybody just killing time until the deadline comes? >> no. it doesn't seem like killing time to me, chuck. >> it's the final week and the jet fumes and people get out of school and people will hammer it out? >> he has not waited for people to start smelling the jet fuels at a national airport. he's active ly put forward a plan. >> another issue, how to get to the 218 votes needed to get a deal through the house if both parties are claiming a mandate. here's the challenge aaccording to our first read team. take a look. 205 house republican incumbents ran for re-election. 93% of them won. what's more, 117 of them won by getting at least 6
, president obama brokered a deal with house speaker john boehner to avoid crashing through the debt ceiling. the deal was ultimately rejected by the republicans but we know it included cuts to the entitlement programs. according to "the new york times," president obama agreed to squeeze $250 billion from medicare in the next ten years with $800 billion moral in the decade after that. he was also willing to cut 110 billion from medicaid in the short term. democrats in the senate make it sound like, you know, a deal like this could be worked out pretty soon. >> side of the table, bring entitlement reform into the conversation. social security set aside. when it comes to medicare and medicaid is, protect the integrity of the program but give it solvency for more and more years. >> what's the integrity of the program? we have a lot of questions here about where this is all going to end up. the republicans are giving off clues about an upcoming deal. several house and senate republicans are openly rejecting an antitax pledge of grover norquist. but as senator lindsey graham says, rejecting the p
? >> reporter: yes. >> thousands over the years. >> reporter: he keeps them all on file. here's john boehner's pledge, signed 20 years ago. if somebody signed this 10 years ago, 18 years ago, 20 years ago, are they still bound by it? >> when you got married, did you wife think there was an expiration date on that pledge? >> reporter: he says anybody is doomed. but with the fiscal cliff just months away, and a re-elected barack obama insisting that tax increases must be part of any budget deal, key republicans are now talking about ditching the pledge. >> i'm not obligated on the pledge. >> i will violate the pledge, long story short, for the good of the country, only if democrats will do entitlement reform. >> reporter: even republicans who say they are willing to violate the pledge say they will only do so by closing loopholes, not by doing what the president wants to do, which is raising tax rates. >> so, the sides, still far apart. meanwhile, we heard about susan rice, the ambassador going up to capitol hill today, to meet with many of her critics. and it does appear that some of the crit
the leaders of the senate, harry reid and mitch mcconnell. i want to congratulate speaker john boehner, who has done a phenomenal job of ensuring that we would continue business as usual. i want to congratulate minority leader posey forever that she has put in, getting us to the point we are today. i urge my colleagues to support this measure. with that, i yield back the balance of my time. >> the chair now recognizes members from the committee on ways and means, chairman mr. camp from michigan and ranking minority member mr. levin from michigan. the gentleman from michigan. >> i yield myself such time as i may consume. >> it is recognized. >> if the congress does not act and act now, america will default. that would wreak havoc on our economy and make it harder for americans to find and keep a job. edfault cannot be an option. i am pleased that the bill before us ensures that will not occur. just as it would threaten economic health, so would increase in taxes. raising taxes on families and job creators would hinder investment, increase the cost of doing business, and result in even less h
% of americans. >> house republican speaker john boehner says the gop is looking for a deal that cuts spending and closes tax loopholes and some deductions rather than raising tax rates. back to you guys in new york. >> steve: all right. north lawn of the white house, thank you. >> gretchen: see how we all got the blue memo? we all look so nice together. she had on a blue scarf. >> brian: the question is, what is laura ingraham wearing. >> steve: i know one way to find out. >> gretchen: oh, yellow. hail to sweden. >> steve: how are you? >> hey, guys. nice to see you. >> steve: what did you make of this, the white house is saying unless the republicans roll over and do everything that the white house wants with this fiscal cliff at the conclusion of the year, you mean old republicans will ruin christmas economically for the country? >> yeah. it's the gop who stole christmas. who is going to be narrating this? who will play the dog with the fake antlers? it seems we've seen this special before. the sky is always falling when president obama wants to cram down legislation or initiatives without r
to say. [video clip] >> he spoke with john boehner. by the weekend and he will meet with them at the appropriate time as well as nancy pelosi and mitch mcconnell. so the process that he began is continuing. recanting you to be optimistic that a balanced approach is achievable. we know what the solutions are. it was senator who said that in an op-ed, one benefit of all of the debate said we have had any discussions over the past couple of years is that we know what the parameters of a balanced solution for these challenges look like. and they include both spending cuts and revenues and entitlement reform. they have to have -- all three legs of the school of got to report of that. >> jay carney at the white house. was asked about the idea of going off the fiscal cliff. alan krueger, the chairman of president obama's economic advisers, he spoke about what would happen if we go off this so-called fiscal cliff. in this report put out by the white house, american consumers will spend 200 billion less in 2013 if the fiscal cliff is not averted according to this white house report. ja
. here's john boehner's pledge signed 20 years ago. >> reporter: if somebody signed this, 10, 18, 20 years ago are they still bound by it? >> now when you got married, did your wife understand there was an expiration date on the promise? when you borrowed money for your house, did they extend -- oh, geez, that mortgage? that was ten years ago. you're still asking me for money? if you make a commitment, you make a commitment. >> reporter: the pledge is the biggest obstacle to any deal that would raise taxes. with a budget crisis on the horizon and re-elected president insisting on tax increases, some republicans are thinking the unthinkable. ditching the pledge. >> i will violate the pledge, long story short, for the good of the country. >> i am not obligated on the pledge. >> the world has changed and the economic situation is different. >> reporter: and while virtually every republican in the past signed it, nearly a third of the newly elected house republicans refused to sign it this time. republicans ditching the pledge could be a big step toward a deal with the president. and on
. they're use it as leverage. john boehner said as much to the president. people say the debt ceiling thing is an albatross. most countries don't have a debt limit. they deal with it in a different way. the debt ceiling debate which started this issue of congress not being able to make decisions on financial matters will come to a sometime between december 31st and february 1st. that is another set of things we have to deal with if they get the fiscal cliff dealt with. >> 35 days, we're counting them and going to see if we can get anything done. thank you. >>> what we're also working on this hour -- egyptian president mohamed morsi's power grab is challenged. but will it be enough to preserve democracy? >>> and medical marijuana a 7-year-old patient in oregon is taking the drug. is it right treatment for kids with cancer? dr. sanjay gupta reports. >>> plus -- scott kelly i didn't cal twin brother of nasa astronaut mark kelley, the husband of former congresswoman gabrielle giffords, takes on a historic mission. he heads to space for a year. we'll take a look at what it will be like liv
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